One of Britain’s most famous record companies, EMI, has been bought in two deals with Sony and Vivendi’s Universal Music. The company will now be split into two divisions. Universal bought EMI’s recorded music group for $1.9 billion on Friday, while a group headed by Sony picked up EMI’s music publishing division for $2.2 billion.
In early 2009, Virgin Media announced that it was planning an unlimited music download subscription service in partnership with Universal Music, but none of the other major labels signed on.
After months of speculation that Spotify might finally be ready for its long-awaited U.S. launch, that goal is looking closer than ever. The music streaming service has repeatedly set dates and failed to meet them, and according to its latest estimation, it’s aiming for an early July launch. But this time, it actually might happen.